Research Catalog

Title

The City of London and social democracy : the political economy of finance in Britain, 1959-1979 / Aled Davies.

Author

Davies, Aled Rhys, 1988-

Publication

• Oxford, United Kingdom ; New York, NY : Oxford University Press, 2017.
• ©2017

Items in the Library & Off-site

Details

Description

xii, 248 pages : illustrations; 23 cm.

Summary

"The City of London and Social Democracy evaluates the changing relationship between the United Kingdom financial sector--the 'City of London'--and the post-war social democratic State. The key argument made in Aled Davies's study is that changes to the British financial system during the 1960s and 1970s undermined a number of the key components of social democratic economic policy practised by the post-war British State. The institutionalization of investment in pension and insurance funds; the fragmentation of an oligopolistic domestic banking system; the emergence of an unregulated international capital market centred on London; the breakdown of the Bretton Woods international monetary system; and the popularization of a City-centric, anti-industrial conception of Britain's economic identity, all served to disrupt and undermine the social democratic economic strategy which had attempted to develop and maintain Britain's international competitiveness as an industrial economy since the Second World War. These findings assert the need to place the Thatcher governments' subsequent economic policy revolution, in which a liberal market approach accelerated deindustrialization and saw the rapid expansion of the nation's international financial service industry, within a broader material and institutional context previously underappreciated by historians."--Back cover.

Series Statement

Oxford historical monographs

Uniform Title

Oxford historical monographs.

Alternative Title

Political economy of finance in Britain, 1959-1979

Subjects

• Financial institutions > State supervision
• Socialism
• Finance > Government policy
• Financial institutions > State supervision > Great Britain > History > 20th century
• Great Britain > Economic conditions > 20th century
• Economic history
• Socialism > Great Britain > History > 20th century
• England > London
• History
• Financial institutions > Great Britain > History > 20th century
• London (England) > Economic conditions > 20th century
• Finance > Great Britain > History > 20th century
• Finance > Government policy > Great Britain > History > 20th century
• Great Britain > Economic policy
• Economic policy
• 1900-1999

Genre/Form

History.

Bibliography (note)

• Includes bibliographical references (pages 225-243) and index.

Contents

Introduction : the City of London and social democracy -- 'Pension fund socialism' : institutional investment and social democracy -- The politics of banking and social democracy -- The limits of financial reform and the challenge to social democracy in the 1970s -- The City of London and the politics of 'invisibles' -- The City of London and the evolution of British monetarism -- Conclusion.

Call Number

JFD 19-4921

ISBN

• 9780198804116
• 0198804113

LCCN

2016960542

OCLC

967974189

Author

Davies, Aled Rhys, 1988- author.

Title

The City of London and social democracy : the political economy of finance in Britain, 1959-1979 / Aled Davies.

Publisher

Oxford, United Kingdom ; New York, NY : Oxford University Press, 2017.

Copyright Date

©2017

Edition

First edition.

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Series

Oxford historical monographs

Oxford historical monographs.

Bibliography

Includes bibliographical references (pages 225-243) and index.

Local Note

AUTH: U. BRISTOL. EXAMINES RELATIONSHIP BETWEEN FINANCIAL SECTOR AND THE STATE IN POSTWAR BRITAIN.

Chronological Term

1900-1999

Research Call Number

JFD 19-4921